Bitcoin casino gambling is becoming more and more popular because it offers several unique advantages over traditional currency online gambling. Anonymity is among the best things bitcoin has to offer, players do not have to give their personal information in order to wager. They simply need to create an anonymous account and fund it directly with bitcoin. All play happens with bitcoins as well so they can withdraw without needed to supply any bank account or credit card information. Likewise, since transactions are not being recorded by banks or payment processors, the normal hassle associated with gambling online is eliminated. Additionally, players transactions with bitcoin take mere minutes, as opposed to the days or even weeks it can take to move your money on and off of traditional currency online gambling sites. Like any growing industry, players will face a certain element who are looking to take advantage of the excitement by scamming potential players. Here is a short guide on how to tell if a bitcoin casino is legitimate, or a scam. Online casino scams.
Bitcoin Casino History
If a bitcoin casino has been around for a few years (they are relatively new, but 2-3 years is a good amount) then they are likely to be a solid business you can trust. They would not have lasted as long as they have, or continued to get players and action if they were not paying out players who win. Well run bitcoin casinos like this will have a good reputation and be intent upon preserving it so they can continue to make profit. Bitcoin casinos like Betchain and Fortune Jack have years of experience running a smooth bitcoin casino. They have a solid history of paying players and running fair games, as well as developing a great staff of customer service experts who can help you with any questions you may have. One of the easiest and best ways to be able to trust a bitcoin casino is not a scam, is to look into their history and see how long they have been around.
Provably Fair Games
Provably fair games are now an industry standard. Essentially, provably fair bitcoin casinos eliminate the ability for either the casino or the player to do anything shady to gain an advantage. In provably fair wagers, the bitcoin casino and the player both supply a “,seed”, to the wager, making data from both sides necessary to complete the wager. Once the wager is made and the outcome decided, both the player and the casino can instantly see how the outcome of the wager was arrived at. Provably fair is built around the same technology as the bitcoin block chain, in which every transaction is recorded on a public ledger. This kind of transparency is absolutely necessary for any online bitcoin casino you wish to play on. Without it, there is no telling what has actually transpired with your bet. This is a unique advantage that bitcoin casinos can offer over traditional currency casinos as well, since there is no possibility of the casino or player taking advantage or making a common human mistake.
Here is a list of provably fair casinos that have been confirmed. These have been tested and proven reliable by players just like you, which is exactly what you are looking for.
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Forums are a Valuable Information Source
Forums can be a great way to look into a bitcoin casino you are considering. Not only can they offer you a first hand perspective on player experiences at the bitcoin casino, but they can also be used to see warnings of customers who were scammed. bitcoincasinos.reviews is one of the best places to check out new and old casinos alike and see if they are trustworthy. Here you will find a large and engaged population with many personal stories of good experiences, or warnings that a certain bitcoin casino is acting irregularly and might be a scam.
There are a few caveats to looking into forums for information. A large number of bitcoin casinos advertise on the forums, so do not just go to an individual bitcoin casino’,s thread and get wowed by their promotions or new player bonus’,s. Those area great, no doubt, but they do not tell the entire story of a bitcoin casino. Take the time to look into real player threads, where you can find out what their experience was like with a bitcoin casino you are considering playing on. These first hand accounts are usually non-biased and will allow you to see how a bitcoin casino treats it’,s player base.
Gambling is not for everyone, so do not let the rantings of a losing player make you worry about a bitcoin casino’,s legitimacy. These threads exist on every forum, and are usually done by angry players who are not gambling responsibly. You can pretty much ignore them and focus on forum regulars who will give you an unbiased view of whatever bitcoin casino you are considering.
Warning Signs to Watch For
New bitcoin casinos or dice gambling sites are the most likely to turn out to be a scam. They have no reputation or history, so you are taking a risk if you choose to play on these sites.
If a bitcoin casino is offering bonus deals, promotions, or winning percentages that seem to good to be true, they most likely are. Bitcoin casinos are a business, and the point of a business is to try to make money. If the bitcoin casino you are interested in seems to be offering you a deal that would cost them money, it is a giant red flag.
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Being personally approached on a forum or any other venue is also a warning sign. Most bitcoin casinos are capable of paying for legitimate advertising to draw new players to their site. If someone approaches you with a deal to play on their site, and you cannot find any information about it online, then you are probably being scammed.